2009 - WAEC Economics Past Questions and Answers - page 4
31
The population density of town Y made up of 50 square kilometre land area and 100 million people is
A
50,000 people per square kilometre
B
0.2 million people per square kilometre
C
0.5 million people per square kilometre
D
2 million people per square kilometre
correct option: d
Users' Answers & Comments32
manufacturing involves the process of
A
making goods available
B
providing finished products
C
changing items to new states
D
producing capital goods only
correct option: c
Users' Answers & Comments33
disposable income is total income
A
less tax
B
divided by tax
C
plus tax
D
multiplied by tax
correct option: a
Users' Answers & Comments34
Use the information below to answer these questions
Depreciation = $40,000
Gross Domestic Product = $100,000
Factor Payments to Foreigners = $20,000
Factor Receipts from Abroad = $25,000
The Gross National Product is equal to
Depreciation = $40,000
Gross Domestic Product = $100,000
Factor Payments to Foreigners = $20,000
Factor Receipts from Abroad = $25,000
The Gross National Product is equal to
A
$40,000
B
$50,000
C
$105,000
D
$125,000
correct option: d
Users' Answers & Comments35
Depreciation = $40,000
Gross Domestic Product = $100,000
Factor Payments to Foreigners = $20,000
Factor Receipts from Abroad = $25,000
The National Income is equal to
Gross Domestic Product = $100,000
Factor Payments to Foreigners = $20,000
Factor Receipts from Abroad = $25,000
The National Income is equal to
A
$45,000
B
$60,000
C
$65,000
D
$195,000
correct option: c
Users' Answers & Comments36
Depreciation = $40,000
Gross Domestic Product = $100,000
Factor Payments to Foreigners = $20,000
Factor Receipts from Abroad = $25,000
The Net Domestic Product is
Gross Domestic Product = $100,000
Factor Payments to Foreigners = $20,000
Factor Receipts from Abroad = $25,000
The Net Domestic Product is
A
$55,000
B
$60,000
C
$140,000
D
$165,000
correct option: b
Users' Answers & Comments37
which of the following is specialized in lending money for the purpose of developing real estate?
A
merchant banks
B
mortgage banks
C
discount houses
D
commercial banks
correct option: b
Users' Answers & Comments38
The marketing of government security by the Central Bank is termed
A
retail banking
B
open market operation
C
selective credit control
D
credit creation
correct option: b
Users' Answers & Comments39
which of the following serves as a banker's bank?
A
Commercial banks
B
The Mortgage Bank
C
The Central Bank
D
Development Bank
correct option: c
Users' Answers & Comments40
The tax imposed on good manufacture within a country is
A
an excise tax
B
a capital gain tax
C
profit tax
D
a sales tax
correct option: a
Users' Answers & Comments